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13th March 2023

How to prepare for an electricity spike by comparing rates

With rising energy prices, many businesses are beginning to plan for electricity spikes in their monthly bill. The cost of energy usage can have a huge impact on a business’s bottom line, but it doesn’t have to be that way. By comparing business electricity rates, businesses can save money now and in the future by choosing the best rate for their needs. Let’s take a look at how this works.

electricity spike and comparing rates to prepare

With rising energy prices, many businesses are beginning to plan for electricity spikes in their monthly bill. The cost of energy usage can have a huge impact on a business’s bottom line, but it doesn’t have to be that way. By comparing business electricity rates, businesses can save money now and in the future by choosing the best rate for their needs. Let’s take a look at how this works.

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Comparing rates can save money

When it comes to finding the best rate for your business, comparing rates is key. By shopping around and taking advantage of different offers from multiple energy providers, you can find the best deal for your company’s needs. Some providers offer lower rates during peak times or provide discounts if you sign up for a certain amount of time. Taking advantage of these offers can help save your business money on its monthly bills.

Do your research

Before committing to any one provider, make sure you do your research. Read reviews online and talk to other businesses in your area who may be using the same provider as you are considering. This will help you get a better idea of what to expect from each provider before making a decision. Additionally, make sure that you understand all of the terms and conditions associated with each provider so that there are no surprises further down the road.

Understand your usage patterns

It’s also important to understand your usage patterns so that you can choose a rate that works best for your business’s needs. Take some time to review past bills and create an estimate of how much energy you will need over the year. This will help you determine which rate offers the most savings based on your usage patterns and budget constraints. You may also want to consider signing up with a provider that offers demand-response programs to reduce peak-time costs even further.

Preparing for an electricity spike doesn't have to be stressful or expensive! By comparing rates from different providers, doing research on those companies, and understanding your usage patterns, businesses can find plans that meet their specific needs without breaking their budgets this summer! With just a few simple steps and some careful planning, businesses can save money while still meeting their energy needs during peak times!

Take a look at our other blogs to stay up to date with the latest news and trends in the world of electricity!

We continually add new information about the latest news and trends in the industry and will keep updating our pages. If you enjoyed reading this electricity blog, then read another one here: Compare business electricity rates to cut your business energy costs.

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Find the best deals on business electricity contracts by getting in touch with us!

Managing your business while keeping track of the latest changes in energy pricing can be stressful for anyone.

The goal of Compare Business Electricity is to provide you with the information, guidance and support you need to help you make informed decisions about your energy supply contracts so that you can find the deal that is right for you.

With our vast experience in the industry, we will be in a position to come up with solutions that are tailored to meet your specific needs. Our team of professionals is at your disposal, so all you need to do is get in touch with us by calling 01274 081 070 or sending an email to hello@comparebusinesselectricity.uk.

Compare Business Electricity makes comparing business electricity prices easy!

We offer a comparing business electricity service for your needs by allowing you to view the prices in your area from different suppliers and find the best one that suits you. We do this by comparing electricity providers, allowing you to decide which provider offers the best rate for your business’s unique needs.

Giving businesses the information they can trust is something we strive for, and that's why we only work with companies that have been vetted by our team of experts. We’re also committed to providing our customers with an easy and convenient way to make their purchasing decisions, so you don't have to put in the hard work, we've done that for you already.

A comprehensive guide to business electricity that will teach you everything you need to know

How much electricity does a business use daily?

It is widely recognised that the three largest electricity consumers in a business are heating, cooling, and lighting.

Generally, heating and cooling systems can account for more than half of a company's energy consumption. For this reason, any business needs to ensure that its heating system and its HVAC system (if it has one), are as energy-efficient as possible. The lighting in a business can also be a big energy consumer, so using LED bulbs and fixtures wherever possible is encouraged.

How much electricity does a business consume each month as a result of its operations?

It depends on the size of the business and the amount of electricity it consumes. In general, a small business may use 500 kilowatts each month, but a larger business could consume up to 100,000-kilowatt hours each month.

The general rule of thumb is that businesses can expect their energy consumption to increase in the winter months as they use more electricity for heating and lighting, whereas energy usage will decrease during the summer months as they use less electricity for these resources at this time.

How much does electricity cost for a business?

Generally speaking, businesses typically consume more electricity than households, so they have to pay more for it.

This is because businesses have larger spaces that need heating or cooling, as well as a greater number of machines that require power. There is also a tendency for businesses to operate during peak hours when electricity rates are the highest.

Which is the best energy retailer in the UK in terms of price?

There is no single cheapest energy supplier in the UK. You will find that your energy price varies according to your location, the type of energy you use, and how much you consume.

However, there are several ways you can reduce your energy expenditure. One way is to switch to a cheaper energy supplier. It is our goal to help you find the best supplier for your business electricity needs here at Compare Business Electricity. If you want all the hard work done for you, we can compare rates and tariffs from various utility companies for you so you can determine which will best suit your requirements.

What is the best type of energy to go with, fixed or variable?

The simple answer to this question is that there is no single solution that fits all businesses, and this is because the choice of whether to be on fixed or variable energy will be determined by the needs of your company. There are a few factors you should take into consideration when coming to a decision.

In the case of businesses with tight budgets, fixed energy can be a helpful option because it can provide a more predictable monthly bill. On the other hand, when the market permits, businesses can take advantage of falling energy prices by switching to variable energy, which will save them money in the long run.

As fixed energy contracts often come with cancellation fees, businesses should make sure that they feel comfortable signing a longer-term contract before doing so. The majority of variable energy contracts do not have cancellation fees, so businesses can switch providers without penalty if they can find a better deal elsewhere.

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Woodgrange Laundry

5 Stars Rating

2019

Year Joined

£120,000

Total Savings

Voltix Services Ltd

5 Stars Rating

2019

Year Joined

£120,000

Total Savings
Don’t wait any longer!

Want to know how much you could save?

Simply get in touch to let us know a bit about your business and we’ll source quotes from a range of suppliers.

Call our business energy specialists for free right now!

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If you’re looking to switch your company’s energy suppliers, our team here at Compare Business Electricity can help you find the deal that will secure you the biggest savings.
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